Great Tile and Granite Company with Wide Range of Services! (37762)
ConstructionFor Sale in FL
Financial & Assets Details
About the Business
Situated in Northern Florida, listing highlights the business specializing in a wide range of tile sales, for both custom or natural stone fabrication, their installation, and bath remodeling services. Benefited by over seventy years of experience, the company offers granite countertops, marble vanities, travertine mantles, and onyx fireplaces among other quality products. With 2021 projections of $2.31 Million, Revenues for 2020 reached amounts of $2,227,822 along with Discretionary Earnings of $406,170 and Adjusted EBITDA of $269,155. The prime 6,800 square foot facility includes 5,600 sq. ft. of manufacturing, production, and warehouse areas, as well as 1,200 sq. ft. of ample office space. Additional and preferably sold alongside the business, property is found in excellent condition and zoned for light industrial use to handle extra capacity if needed for future expansions. Assisted by a skilled team of 13 nonunion employees remaining post-purchase, business is ready for new ownership as the seller agrees to a smooth six month transitioning. Several growth opportunities exist for financial buyers to take the company to the next level as grosses climb, such as hiring estimators, more salesmen, and SEO adverts too. Apart from the use of a website and social media as self-promotion, marketing efforts focus on backing up effective verbal referral sources from their recurring client base.
Negotiable up to 20% for the right buyer.
Property is available for additional purchase outside of Asking Price.
Support & Training
Owner Transition period of 6 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.